Deutsche Bank has launched its payments and collections on behalf of (POBO/COBO) programme for corporate clients in Asia Pacific as part of its next generation treasury solutions. POBO and COBO structures are designed to help corporate treasuries further optimise their cash management operations and liquidity.
According to the bank the need for such structures is particularly relevant in a region such as Asia, given its diverse and complex regulatory environment. In response to this demand, Deutsche Bank has launched POBO and COBO structures to assist multinational corporations (MNCs) with operations across the Asia Pacific region, as well as corporates with large local operations.
With these structures, corporates can consolidate transactions and their underlying cash flows through a streamlined bank account structure, enabling them to better manage their liquidity with increased visibility and control.
“Finding new ways to further optimise treasury operations remains a priority for corporate treasurers in Asia Pacific,” said Mahesh Kini, Asia Pacific head of cash management for corporates, global transaction banking at Deutsche Bank.
“Deutsche Bank’s POBO and COBO structures directly address this challenge. By leveraging our strong product platform and our consultative approach, we are able to help our clients perform the legal due diligence on their corporate cash management structures, which is key to ensuring a successful implementation.”
Dirk Kronshage, Asia Pacific head of cash product and technology management, global transaction banking said that the bank’s POBO and COBO structures had been very well received by clients since the launch, especially MNCs.
“Some are already in the process of implementing similar solutions in other regions,” he added. “For many of these corporates, implementing POBO/COBO solutions in Asia Pacific can yield greater consistency and help them to maximise the benefits of their centralised treasury operations across multiple countries or even regions.”
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